Common use of Guaranteed Debt Not Reduced by Offset Clause in Contracts

Guaranteed Debt Not Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the foregoing or Guarantor’s liability hereunder, to the extent that Lender advances funds pursuant to the Notes and does not receive payments or benefits thereon in the amounts and at the times required or provided in the Notes, Guarantor is absolutely liable to make such payments to (and confer such benefits on) Lender on a timely basis.

Guaranteed Debt Not Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender hereunder hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the foregoing or the Guarantor’s 's liability hereunder, to the extent that Lender advances funds pursuant or extends credit to the Notes Borrower, and does not receive payments or benefits thereon in the amounts and at the times required or provided in the Notesby applicable agreements or laws, Guarantor is absolutely liable to make such payments to (and confer such benefits on) Lender Lender, on a timely basis.

Guaranteed Debt Not Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender hereunder hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the foregoing or Guarantor’s liability hereunder, to the extent that Lender advances funds pursuant to the Notes Note and does not receive payments or benefits thereon in the amounts and at the times required or provided in the NotesNote, Guarantor is absolutely liable to make such payments to (and confer such benefits on) Lender Lender, on a timely basis.

Guaranteed Debt Not Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender hereunder hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the foregoing or Guarantor’s 's liability hereunder, to the extent that Lender advances funds pursuant or extends credit to the Notes Borrower, and does not receive payments or benefits thereon in the amounts and at the times required or provided in the Notesby applicable agreements or laws, Guarantor is absolutely liable to make such payments to (and confer such benefits on) Lender Lender, on a timely basis.

Guaranteed Debt Not Reduced by Offset. The Guaranteed Debt and the liabilities and obligations of Guarantor to Lender Noteholder hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of BorrowerMaker, or any other party, against Lender Noteholder or against payment or performance of the Guaranteed Debt, whether such offset, claim or defense arises in connection with the Guaranteed Debt (or the transactions creating the Guaranteed Debt) or otherwise. Without limiting the foregoing or Guarantor’s liability hereunder, to the extent that Lender Noteholder advances funds pursuant or extends credit to the Notes Maker, and does not receive payments payments, performances or benefits thereon in the amounts and at the times required or provided in by the NotesLoan Documents or applicable laws, Guarantor is absolutely liable to make such payments and performances to (and confer such benefits on) Lender Noteholder, on a timely basis.